MARCH 10, 2021 Brown Commercial Group has negotiated the sale of a two-building industrial portfolio, totaling 37,725 square feet, at 1395 and 1401 Jeffrey Dr. in Addison, Illinois, a western suburb of Chicago. Brown Commercial Group President Dan Brown and Partner Mike Antonelli represented the buyer, a private investor. Jennifer Sosko of ReMax represented the seller, Lakeside...
Dec. 9, 2020-- Chicago Industrial Market Overview Brown Commercial Group negotiated a 36,000-square-foot, long-term lease for Methods Machine Tools, Inc. at 70 Prairie Parkway in Gilberts, Illinois, in Chicago’s northwest suburbs. Brown Commercial Group president Dan Brown negotiated the long-term lease on behalf of the tenant, a leading North American supplier of precision machine tools and automation,...
Sept. 3, 2020 Brown Commercial Group negotiated one sale and four leases totaling nearly 24,000 square feet involving expanding businesses in Chicago’s west and northwest suburbs. “We are seeing steady growth in small to mid-sized industrial businesses in the Chicago area and a shortage of space for their needs,” said Dan Brown, president of Brown Commercial...
JULY 30, 2020 -- Brown Commercial Group Partner Mike Antonelli represented Dynamic MD, LLC in its purchase of a 3.2-acre site in Chicago’s suburban market. The buyer, a rapidly growing truck and freight company, recently broke ground on their 11,600-square-foot headquarters with warehouse and parking facilities. Brown Commercial Group president Dan Brown represented the landowner, a...
JUNE 11, 2020 Brown Commercial Group recently represented both the buyer and seller in the sale of a 5.59-acre site in Bartlett, Illinois. Lis Trucking Inc. purchased the property from Abbott Land and Investment and is converting the land into parking to support its growing freight carrier business. “The Chicago industrial market continues to see a shortage of outdoor...
6/11/2020 2:42 PM BARTLETT -- Brown Commercial Group recently represented both the buyer and seller in the sale of a 5.59-acre site in Bartlett. Terms of the sale were not announced. Lis Trucking Inc. purchased the property from Abbott Land and Investment and is converting the land into parking to support its growing freight carrier business. Dan Brown...
Brown Commercial Group worked with buyers, sellers, landlords and tenants on five commercial real estate transactions totaling 32,575 square feet across the western suburbs and in Rockford, Illinois. Each of the transactions included a building user who was opening a new business, adding a new location or expanding its business footprint. “We are seeing businesses...
Vacancy continues to fall. Build-to-suit development is reaching record highs. A variety of user types are keeping infill areas active. It’s been nothing but good news for the Chicago industrial sector this year. Can the good times last? (In)fill ‘er up! Because industrial users have been attracted to O’Hare and other infill areas for decades, they...
Brown Commercial Group negotiated a 26,000-square-foot industrial building sale in Chicago’s western suburbs as part of a two-transaction process that is moving a business owner into a modern, more efficient facility. Senior broker Jim Pietrarosso represented Foderaro Investment Partnership Corp. in buying a building at 2475 Millennium Drive in Elgin, Illinois for $2,050,000. The facility...
Brown Commercial Group brokered one building sale and four leases in the western and far western Chicago suburbs, totaling 25,036 square feet of industrial space. Each of the new leases was to a business that is expanding. “Market dynamics, including strong demand for industrial space, [are] pushing tenants farther out from the urban core or...
